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Beef Buzz News


CFAP Payments For Cattle Producers Close To Estimated Losses Says OSU's Derrell Peel

Wed, 27 May 2020 10:11:37 CDT

CFAP Payments For Cattle Producers Close To Estimated Losses Says OSU's Derrell Peel The Coronavirus Food Assistance Program (CFAP) payments headed to farmers and ranchers are designed to reflect actual losses for beef producers. The cattle industry put together a task force directed by Dr. Derrell Peel, OSU livestock market economist, to look at the losses in the early days of the pandemic. Radio Oklahoma Farm Director Ron Hays talked with Dr. Peel about the CFAP payments matching the actual losses for producers.

Producers who sold feeder cattle during this period, their payments are going to be close, Peel said.

For fed cattle sold between Jan. 15 and April 15, the numbers are also going to be close, Peel said, but it doesn’t cover what has happened since then.

On the cow/calf level, Peel said he is still trying to figure out all the pieces of the calculations.

I think we’re coming in at around 50 to 55 percent of the damage estimate, which is about the same proportion available to the whole pot of money, Peel said.

Moving forward from this point, the OSU livestock economist says this is a survival year.

We’re on the defensive, he said.

For cow/calf producers with fall calves it’s a wait and see what happens situation, Peel said, as there is a reasonable chance that market could be fairly strong this fall. It all depends on where the economy lands after we get this virus under control.

Feedlots have huge challenges until we get into the fall when lower placements help work through the backlog, he said.

Peel added on the backside of this pandemic crisis, there will be some good opportunities.

Later this year Peel expects tighter supplies of market ready cattle, probably around Labor Day, based on current numbers in the feedlots.

Click on the LISTEN BAR below to hear more of Ron’s interview with Dr. Peel.

The Beef buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is a regular audio feature found on this website as well. Click on the LISTEN BAR below for today’s show and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.



   
   

Ron Hays Beef Buzzes With Derrell Peel
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Beef News

  • OSU's Dr. Derrel Peel says Producers Need to be Prepared for Drought  Thu, 02 Jul 2020 09:26:37 CDT
  • There is Plenty of Beef This Summer Says OSU Extension Livestock Economist Derrell Pell  Wed, 01 Jul 2020 08:28:23 CDT
  • NCBA's Alisa Harrison Explains New United We Steak Grilling Campaign Just In Time For The July 4th Holiday  Tue, 30 Jun 2020 09:44:24 CDT
  • NCBA's Scott Yager Tells Landowners To Enjoy New Trump WOTUS Rule Which Became Law June 22  Mon, 29 Jun 2020 09:32:21 CDT
  • NCBA's Alisa Harrison Says Beef Industry Has Vast Amount of Resources To Meet Consumers Changing Behaviors  Fri, 26 Jun 2020 09:02:11 CDT
  • Oklahoma Task Force Member John Pfeiffer Says They have Studied The Idea Of Opening New Meat Plants But Logistics Pose Major Challenge  Thu, 25 Jun 2020 15:59:11 CDT
  • Mulhall, Okla. Rancher John Pfeiffer Says Joint Task Force Studying Ways To Expand Meat Processing In Oklahoma  Wed, 24 Jun 2020 10:36:53 CDT
  • There Is Light At The End Of The Profitability Tunnel For Cattle Producers, Says OSU's Derrell Peel  Tue, 23 Jun 2020 10:21:37 CDT
  • Cattle on Feed Report No Surprise, Says OSU's Derrell Peel, As It Shows Large Drop In Marketings  Mon, 22 Jun 2020 10:50:52 CDT
  • NCBA's Danielle Beck Pleased With Progress On Updating USDA's Dietary Guidelilnes  Fri, 19 Jun 2020 10:06:05 CDT
  • Livestock Economists Derrell Peel and Don Close Weigh In On U.S. Beef Exports and Imports During NCBA Webinar  Thu, 18 Jun 2020 10:13:16 CDT
  • K-State's Glynn Tonsor Worried Domestic Beef Demand Is Going In The Wrong Direction  Wed, 17 Jun 2020 10:40:56 CDT
  • Upcycling Cattle Can Improve The Environment Says Don Close, Rabo AgriFinance  Tue, 16 Jun 2020 18:57:17 CDT
  • Trade Negotiations Continue Despite Pandemic Concerns, Says NCBA's Kent Bacus  Mon, 15 Jun 2020 09:22:16 CDT
  • Rabo's Don Close Believes Beef Industry Sustainability Tested By Pandemic  Fri, 12 Jun 2020 12:14:11 CDT
  • Future Looks Bright For U.S. Meat Exports As World Recovers From Pandemic  Thu, 11 Jun 2020 08:41:19 CDT
  • Latest Report Shows U.S. Meat Exports Surpisingly Strong  Wed, 10 Jun 2020 10:15:55 CDT
  • Cattle Producers Need To Be Proactive in Treating Trichomoniasis in Breeding Herd  Tue, 09 Jun 2020 10:04:03 CDT
  • Rapid Advancements in Genetic Information Improving Profitability  Mon, 08 Jun 2020 10:32:11 CDT
  • KSU's Dr. Glynn Tonsor Explains Why Beef Imports Are Necessary For Robust Beef Exports  Fri, 05 Jun 2020 09:41:13 CDT
  • Cattle Producers Concerned About April 15 CFAP Date  Thu, 04 Jun 2020 10:10:11 CDT
  • Ample Cattle Feed Supplies Good News For Producers  Wed, 03 Jun 2020 08:06:22 CDT
  • Packing Plants Quickly Returning To Year-Ago Capacity  Tue, 02 Jun 2020 10:30:12 CDT
  • California Scientist Believes Cattle Are Not Adding Extra Methane To The Environment  Mon, 01 Jun 2020 09:44:11 CDT
  • Cong. Frank Lucas Suggests Meat Packing Industry Has Become Too Concentrated  Fri, 29 May 2020 10:28:11 CDT
  • Amount of CFAP Payment For Cow/Calf Producers Dependent on Timing and Managment Practices  Thu, 28 May 2020 13:34:18 CDT
  • CFAP Payments For Cattle Producers Close To Estimated Losses Says OSU's Derrell Peel  Wed, 27 May 2020 10:11:58 CDT
  • OSU's Dr. Peel Says Packing Plants Have Incentive To Return To Full Capacity  Tue, 26 May 2020 09:50:06 CDT
  • No Surprises Found in the May USDA Cattle on Feed Report- So Says OSU Economist Dr. Derrell Peel  Sat, 23 May 2020 16:41:14 CDT
  • Animal Rights Activists Using COVID-19 Crisis To Attack Ag Animal Industry  Fri, 22 May 2020 10:30:10 CDT
  • NCBA President Marty Smith Encouraged By Government Aid Program And Packing Plant Progress  Fri, 22 May 2020 03:55:11 CDT
  • Boxed Beef Prices Fall As Supply Chain Catches Up With Demand  Wed, 20 May 2020 10:20:11 CDT
  • Packing Plants Slowly Increasing Capacity But It Could Take Months To Work Off Cattle Back Log, Says KSU's Dr. Glynn Tonsor  Tue, 19 May 2020 09:40:55 CDT
  • Packing Plants Slowly Increasing Capacity But It Could Months To Wrok Off Cattle Back Log, Says KSU's Dr. Glynn Tonsor  Tue, 19 May 2020 09:18:11 CDT
  • Consumers Will Have Plenty of Beef For Memorial Day Cookouts, Says NCBA's Colin Woodall  Mon, 18 May 2020 09:44:12 CDT

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